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Select Growth Fund

Investment Adviser: Foresters Investment Management Company, Inc. is the Fund's investment adviser and Smith Asset Management Group, LP serves as subadviser of the Fund.

Portfolio Managers: John D. Brim, Stephen S. Smith and Eivind Olsen

Investment Objective and Strategy

The Fund seeks long-term growth of capital. The Fund invests in approximately 40-45 common stocks that the Fund’s subadviser believes offer the best potential for earnings growth with the lowest risk of negative earnings surprises. When selecting investments, the Fund’s seasoned investment management team takes a rigorous, three-step approach. First, it screens out those stocks that are the most volatile or are more likely to underperform the market. The stocks that pass the initial screening are evaluated to identify those that have the highest probability of producing earnings growth that exceeds investor expectations. From that pool of stocks, the team uses fundamental analysis to choose approximately 40-45 stocks that are believed to have the best growth and risk characteristics.

Sector Allocation (%)

As of 06-30-2017

This information is for illustrative purposes only and includes only invested cash; therefore, the sum of all sectors as a percentage of net assets may not equal 100%.

Returns as of 08-31-2017 06-30-2017
Gross/Net Exp as of 09-30-2016 Gross/Net Exp as of 09-30-2016
Average Annual Total Returns
Class 1 Yr. % 3 Yr. % 5 Yr. % 10 Yr. % Since inception* Inception date Gross/Net Exp %
Average Annual Total Returns
Aat NAV19.568.8313.495.43N/A10-13-20001.27/1.27
w/ sales charge12.686.7112.164.80N/A10-13-20001.27/1.27
Bat NAV18.537.9512.594.76N/A10-13-20002.03/2.03
w/ sales charge14.537.1312.344.76N/A10-13-20002.03/2.03
Advisorat NAV19.989.25N/AN/A13.4304-01-20130.86/0.86
Institutionalat NAV20.129.31N/AN/A13.5604-01-20130.83/0.83
Average Annual Total Returns
ClassA
at NAV
1 Yr. %19.56
3 Yr. %8.83
5 Yr. %13.49
10 Yr. %5.43
Since inception*N/A
Inception date10-13-2000
Gross/Net Exp %1.27/1.27
Average Annual Total Returns
ClassA
w/ sales charge
1 Yr. %12.68
3 Yr. %6.71
5 Yr. %12.16
10 Yr. %4.80
Since inception*N/A
Inception date10-13-2000
Gross/Net Exp %1.27/1.27
Average Annual Total Returns
ClassB
at NAV
1 Yr. %18.53
3 Yr. %7.95
5 Yr. %12.59
10 Yr. %4.76
Since inception*N/A
Inception date10-13-2000
Gross/Net Exp %2.03/2.03
Average Annual Total Returns
ClassB
w/ sales charge
1 Yr. %14.53
3 Yr. %7.13
5 Yr. %12.34
10 Yr. %4.76
Since inception*N/A
Inception date10-13-2000
Gross/Net Exp %2.03/2.03
Average Annual Total Returns
ClassAdvisor
at NAV
1 Yr. %19.98
3 Yr. %9.25
5 Yr. %N/A
10 Yr. %N/A
Since inception*13.43
Inception date04-01-2013
Gross/Net Exp %0.86/0.86
Average Annual Total Returns
ClassInstitutional
at NAV
1 Yr. %20.12
3 Yr. %9.31
5 Yr. %N/A
10 Yr. %N/A
Since inception*13.56
Inception date04-01-2013
Gross/Net Exp %0.83/0.83
Average Annual Total Returns
Class 1 Yr. % 3 Yr. % 5 Yr. % 10 Yr. % Since inception* Inception date Gross/Net Exp %
Average Annual Total Returns
Aat NAV19.719.6113.915.96N/A10-13-20001.27/1.27
w/ sales charge12.817.4712.585.33N/A10-13-20001.27/1.27
Bat NAV18.778.7312.995.61N/A10-13-20002.03/2.03
w/ sales charge14.777.9012.755.61N/A10-13-20002.03/2.03
Advisorat NAV20.2110.05N/AN/A14.0504-01-20130.86/0.86
Institutionalat NAV20.2310.07N/AN/A14.1804-01-20130.83/0.83
Average Annual Total Returns
ClassA
at NAV
1 Yr. %19.71
3 Yr. %9.61
5 Yr. %13.91
10 Yr. %5.96
Since inception*N/A
Inception date10-13-2000
Gross/Net Exp %1.27/1.27
Average Annual Total Returns
ClassA
w/ sales charge
1 Yr. %12.81
3 Yr. %7.47
5 Yr. %12.58
10 Yr. %5.33
Since inception*N/A
Inception date10-13-2000
Gross/Net Exp %1.27/1.27
Average Annual Total Returns
ClassB
at NAV
1 Yr. %18.77
3 Yr. %8.73
5 Yr. %12.99
10 Yr. %5.61
Since inception*N/A
Inception date10-13-2000
Gross/Net Exp %2.03/2.03
Average Annual Total Returns
ClassB
w/ sales charge
1 Yr. %14.77
3 Yr. %7.90
5 Yr. %12.75
10 Yr. %5.61
Since inception*N/A
Inception date10-13-2000
Gross/Net Exp %2.03/2.03
Average Annual Total Returns
ClassAdvisor
at NAV
1 Yr. %20.21
3 Yr. %10.05
5 Yr. %N/A
10 Yr. %N/A
Since inception*14.05
Inception date04-01-2013
Gross/Net Exp %0.86/0.86
Average Annual Total Returns
ClassInstitutional
at NAV
1 Yr. %20.23
3 Yr. %10.07
5 Yr. %N/A
10 Yr. %N/A
Since inception*14.18
Inception date04-01-2013
Gross/Net Exp %0.83/0.83

*For funds with less than 1, 3, 5 or 10 year performance data.

 

 

The performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data quoted. Performance of share classes will differ because each class is sold pursuant to different sales arrangements and bears different expenses.  The Class A returns shown with sales charges are based on the maximum sales charge of 5.75%. The Class B returns shown with sales charges are adjusted for the applicable deferred sales charge (maximum of 4% in the first year). The Advisor Class and Institutional Class returns are shown as NAV only returns since these classes are sold without sales charges. Redemptions of Class B shares may be subject to a deferred sales charge. For performance data current to the most recent month-end call 800 524 2803 or visit Pricing & Performance. Returns may reflect waivers or reimbursements of certain expenses. Absent of these waivers or reimbursements, returns may be lower.


Sector Allocation (%)

As of 06-30-2017

This information is for illustrative purposes only and includes only invested cash; therefore, the sum of all sectors as a percentage of net assets may not equal 100%.

Top Holdings (%)

As of 06-30-2017
Top Holdings (%)
Security% of Total Net Assets
Adobe Systems, Inc.4.3%
Take-Two Interactive Software, Inc.4.0%
Cadence Design Systems, Inc.3.9%
Arista Networks, Inc.3.8%
Facebook, Inc. - Class "A"3.7%
Home Depot, Inc.3.5%
General Dynamics Corp.3.2%
Hologic, Inc.3.0%
Parker Hannifin Corp.3.0%
Centene Corp.3.0%
Total35.3%

This information is solely for illustrative purposes. The portfolio as of the date of this report may or may not be the same as the portfolio on the date this material is used.

Class A Class B Advisor Class Institutional Class
Shareholder Fees (fees paid directly from your investment)
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) 5.75%1 None None None
Maximum deferred sales charge (load) (as a percentage of the lower of purchase price or redemption price) 1.00%2 4.00%3
None None
Class A Class B Advisor Class Institutional Class
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees 0.74% 0.74% 0.74% 0.74%
Distribution and Service (12b-1) Fees 0.30% 1.00% None None
Other Expenses 0.23% 0.29% 0.12% 0.09%
Total Annual Fund Operating Expenses 1.27% 2.03% 0.86% 0.83%

1 Due to rounding of numbers in calculating a sales charge, you may pay more or less than what is shown above.

2 A CDSC of 1.00% will be assessed on certain redemptions of Class A shares that are purchased without a sales charge.

3 4.00% in the first year, declining to 0% after the sixth year. Class B shares convert to Class A shares after eight years.

Managers

Smith Asset Management Group, L.P. serves as the investment subadviser of the Fund.

The Fund is managed by Smith by a team of investment professionals who have an equal role in managing the Fund, which includes the following: Stephen S. Smith, CFA, Chief Executive Officer and Chief Investment Officer; John D. Brim, CFA, President and Portfolio Manager; and Eivind Olsen, CFA, Portfolio Manager.  Each investment professional has served as a Portfolio Manager of the Fund since 2007, except for Mr. Olsen, who has served as a Portfolio Manager since 2009.

How to obtain a prospectus

For more complete information on any First Investors fund, you may obtain a free prospectus by downloading it here, contacting your registered representative, or calling 800 423 4026. You should consider the investment objectives, risks, fees or charges, and expenses of the fund carefully before investing. The prospectus and summary prospectus contain this and other information about the fund, and should be read carefully before you invest or send money. An investment in a fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.


A Word About Risk

The market risk associated with small- and mid-cap stocks is generally greater than that associated with large-cap stocks because such stocks tend to experience sharper price fluctuations than large-cap stocks. The additional volatility associated with small- to mid-cap stocks is attributable to a number of factors, including the fact that the earnings of small- to mid-size companies tend to be less predictable than those of larger, more established companies. Small- to mid-cap stocks are also not as broadly traded as stocks of companies with larger market caps. At times, it may be difficult for the Funds to sell small- to mid-cap stocks at reasonable prices.

Principal Risks:  You can lose money by investing in the Fund.  There is no guarantee that the Fund will meet its investment objective.  The Fund is intended for investors who:

  • Are seeking growth of capital,
  • Are willing to accept a moderate degree of investment risk, and
  • Have a long-term investment horizon and are able to ride out market cycles.

Here are the principal risks of investing in the Fund:

Growth Stock Risk.  The Fund’s focus on growth stocks increases the potential volatility of its share price.  If expectations are not met, the prices of these stocks may decline significantly.

Limited Holdings Risk.  Because the Fund generally invests in a limited portfolio of only 40 to 45 stocks, it may be more volatile than other funds whose portfolios may contain a larger number of securities.

Market Risk.  Stock prices may decline over short or even extended periods not only because of company-specific developments, but also due to general economic and market conditions, adverse political or regulatory developments or interest rate fluctuations.  Adverse market events may lead to increased redemptions, which could cause the Fund to experience a loss or difficulty in selling securities to meet redemptions.

Mid-Size and Small-Size Company Risk.  The market risk associated with stocks of mid- and small-size companies is generally greater than that associated with stocks of larger, more established companies because stocks of mid- and small-size companies tend to experience sharper price fluctuations.  At times, it may be difficult for the Fund to sell mid-to-small-size company stocks at reasonable prices.

Security Selection Risk.  Securities selected by the portfolio manager may perform differently than the overall market or may not meet the portfolio manager’s expectations. 

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